Apple's (AAPL) China Sales Expected to Triple
Tweet
Share
E-mailGet Alerts AAPL Hot Sheet
Price: $305.93 +0.22%
Rating Summary:
44 Buy, 29 Hold, 9 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
44 Buy, 29 Hold, 9 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Apple (Nasdaq: AAPL) will triple its sales in China over the next two years, according to analysts at Morgan Stanley.
According to the firm, Apple will make $9 billion in sales in China in the year ending September 2012, which is up from $2.9 billion last year.
Morgan Stanley said investors "under-appreciate" the company's growth prospects in China. Apple has a "brand preference" among higher-income China consumers, the firm also noted.
Shares of Apple closed at $304.18 yesterday, with a 52-week range of $185.57-$319.00.
According to the firm, Apple will make $9 billion in sales in China in the year ending September 2012, which is up from $2.9 billion last year.
Morgan Stanley said investors "under-appreciate" the company's growth prospects in China. Apple has a "brand preference" among higher-income China consumers, the firm also noted.
Shares of Apple closed at $304.18 yesterday, with a 52-week range of $185.57-$319.00.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- KeyBanc Reiterates Underweight Rating on Apple (AAPL)
- Apple names American Airlines veteran Nate Gatten as new government affairs chief
- Apple In Coming Months To Launch Suite Of AI Tools In China-sources - Reuters
Create E-mail Alert Related Categories
Analyst Comments, Insiders' BlogRelated Entities
Morgan StanleySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
